Contents tagged with nationalization

  • Ukraine intends to nationalize Russian-owned companies

    A bill to nationalize the property of Russian companies and banks in Ukraine was introduced for consideration by the Verkhovna Rada. The author of the document is People's Deputy Roman Zvarych from the Petro Poroshenko Bloc faction.

    The explanatory note for the bill says that such a measure at the legislative level will allow the government to apply sectorial sanctions to Ukrainian legal entities that carry out economic activities jointly with an "aggressor power."

    To "promptly and …

  • 43 elite apartments belonging to Ukrainian oligarch Kolomoyskyi to be auctioned in Crimea

    The Kremlin-controlled Crimean parliamentary committee on property and land relations approved the expropriation of 43 new apartments in Yalta which were previously nationalized by Russia as the property of the Ukrainian businessman Ihor Kolomoyskyi.

    There are plans to auction the real estate, starting at a price of 55,000 rubles ($922 USD) per square meter.

    “The expropriation will be realized through an open auction with participants and proposals being received. The adoption of the decision …

  • Ukrainian court has recognized the nationalization of PrivatBank as 'partially illegal'

    On May 17, the Kyiv District Administrative Court recognized the nationalization of Ukraine's largest privately owned bank, PrivatBank, which took place on the night of December 18, as partially illegal. The court considered the claim of six individuals against the National Bank (NBU), the Individual Deposits Guarantee Fund, the Ministry of Finance, and persons authorized to perform interim administration at the Bank at the end of December 2016. The plaintiffs were co-owners of the media group 1 …

  • Akhmetov warned Yanukovych's son against buying coal from his mines in separatist-held territories of Ukraine

    The remaining anthracite in the uncontrolled territory is illegal, as reported by DTEK (Donbass Fuel and Energy Company).

    The DTEK energy holding company, owned by Rinat Akhmetov, sent an official letter to the company Donbasenergo, controlled by Alexander Yanukovych, cautioning him not to buy coal from the nationalized mines in the separatist-held territories of Ukraine (ORDLO), as stated in the company's press release.

    It is noted that after losing control over enterprises in the ORDLO, …

  • Akhmetov acknowledged the loss of control over his enterprises in separatist-controlled territories of Ukraine

    Rinat Akhmetov's energy holding, DTEK, reported the loss of control over all of its enterprises in the separatist controlled part of the Donbas.

    "As of March 15, 2017, the assets of the DTEK Energy Group, namely, DTEK Mine Komsomolets Donbassa PrJSC, Mospino CPE LLC, DTEK Energougol Ene PJSC, DTEK ZUYIVS'KA TPP (one of the three power stations of DTEK Skhidenergo LLC), DTEK DONETSKOBLENERGO PJSC, ELEKTRONALADKA LLC, DTEK Service LLC, DTEK POWER GRID LLC, TEHREMPOSTAVKA LLC, DTEK …

  • Media: Ukrainian factories 'nationalized' by separatists grind to a halt

    The day before the “nationalization” announced by the separatists, and also thereafter, a number of production facilities have ground to a halt in the separatist-held Donbas territories.

    According to the Russian paper “Kommersant”, the Yenakiieve Metallurgical Plant, Donetsk Metallurgical Plant, and Yasinovsky Coke Plant in Makiivka have stopped operating.

    “The last payment was at the start of February, and now production is frozen. On March 1 the plant was blocked by people with automatics. …

  • The Kremlin's decision to recognize 'passports' issued in the separatists republics is another attempt of Russia to destabilize the situation in Ukraine

    Author: Dmytro Snegiryov, Head of Prava Sprava public initiative.

    The temporary recognition of passports issued by the separatist republics is being used by Russia to exert political pressure specifically on Ukraine and not on our Western partners. By stressing the temporary character of the recognition of these documents, Putin is trying to accuse Ukraine of violating its commitments laid out in the Minsk Agreements: the elections, an all-inclusive amnesty, and a special status for these …

  • LPR official: the owners of the nationalized Ukrainian enterprises will not be replaced

    According to separatist controlled information sources, Vladyslav Deinego, a representative of the LPR (Luhansk People’s Republic), during the Minsk talks, stated that the introduction of “external management” of enterprises within Ukrainian jurisdiction, located in the separatist-held territories of the Luhansk region, does not mean that the owners of such enterprises will be changed.

    “We decided that there must be temporary external management…as far as the ownership, it doesn’t affect that. …

  • Kyiv announces possible sanctions following the 'nationalization' of Ukrainian property in separatist republics

    The European Union and the United States can administer sanctions against the possible new owners of Ukrainian enterprises in the Donbas territories that are not under Ukraine's control as stated by the Deputy Head of the Presidential Administration, Konstantin Eliseev, while on air with Inter TV channel.

    "It's really about the seizure, I would even say, a corporate raid by the Russian side, by the Russian fighters. Of course, not a single civilized country in the world will recognize this …

  • French company closes down in the separatist-held territory in Donbas

    Air Liquide, a French joint-stock company that is a world leader in the industrial gases market, announced that it is closing its operations in the separatist-held territory of the Donetsk region. The company announced the closure of its subsidiary, “Air Liquide Yenakiieve”, in company statement.

    The shutdown was due to the decision of the DPR (Donetsk People’s Republic) to introduce new interim administrations to Ukrainian enterprises in the territory."Following the recent decisions of the …